Central bankers weigh up Facebook’s Libra plan
A senior member of the Swiss National Bank said he was open-minded about Facebook’s cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative.
UK watchdog wants more detail on Facebook’s Libra coin plan
There was “insufficient” detail to understand Facebook’s plans to expand into payments and launch its own Libra coin, Britain’s Financial Conduct Authority (FCA) said on Tuesday.
Oil prices drop on demand worries, Saudi supply pledge
Oil prices inched lower on Tuesday, weighed down by concerns over declining crude demand and a Saudi pledge to offset any shortfall from countries hit by sanctions, as the market shrugged off risks to supply linked to tensions around Iran.
BMW’s hybrid cars to switch to electric only mode in polluted cities
BMW’s new hybrid cars will automatically switch off their combustion engines in heavily polluted inner city areas and use pure electric driving mode as a way to cut vehicle emissions, the carmaker said on Tuesday.
Trade stress, Iran tensions hits stocks, dollar frets on Fed doves
European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc.
Oil prices in balance between demand worries, U.S.-Iran tensions
Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran.
Fund supermarket Allfunds bulks up with Credit Suisse deal
Spain’s Allfunds Group is buying Credit Suisse’s business-to-business investment fund platform InvestLab for an undisclosed sum as the investment services industry consolidates to reap the benefits of scale.
With job intact, Nissan’s CEO pins Renault alliance on mutual respect, flags inequality risk
Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
Carrefour boss rules out exiting more countries after China deal
Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com.
Trade stress hits stocks, dollar frets on Fed doves
Asian shares were haunted by trade anxiety Tuesday while the risk of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, propelling gold to fresh six-year peaks.
